Tesla Said to Put India Entry Plan on Hold After Deadlock on Tariffs

Tesla has put on hold plans to sell electric cars in India, abandoned a search for showroom space and reassigned some of its domestic team after failing to secure lower import taxes, three people familiar with the matter told Reuters. The decision caps more than a year of deadlocked talks with government representatives as Tesla […]

ISMC Said to Invest $3 Billion in India to Set Up Chip-Making Plant

International semiconductor consortium ISMC will invest $3 billion (roughly Rs. 22,940 crore) in India’s southern Karnataka state to set up a chip-making plant, the state government said on Sunday. ISMC is a joint venture between Abu Dhabi-based Next Orbit Ventures and Israel’s Tower Semiconductor. US chip giant Intel has announced plans to acquire Tower. India’s […]

India to Launch Digital Gaming Research Initiative to Promote Local Culture

India is set to launch its digital gaming research initiative to develop high-end technologies for an immersive gaming environment with an aim to promote and popularise Indian culture, a senior official said. The Science and Engineering Research Board (SERB) Digital Gaming Research Initiative will have three verticals – R&D in Learning and Leisure Gaming Platforms; […]

PM Modi Warns Supply Chain Disruptions Will Hurt Global Economy

PM Modi warned the supply chains disruptions will impact the global economy Prime Minister Narendra Modi warned in a Commerce Ministry’s webinar that the disruptions to supply chains will significantly impact the global economy. Amidst growing uncertainty in the global economy over the Ukraine crisis and disruption of trade and shipping services following sanctions on […]

Digital Rupee Can Be Exchanged for Cash: Prime Minister Narendra Modi

Prime Minister Narendra Modi on Wednesday said the digital rupee, proposed in the union budget, could be exchanged for cash and will open new opportunities in the fintech sector. Addressing the ‘Atmanirbha Arthavyavastha’ (self-reliant economy) symposium organised by the BJP, he said the central bank digital currency or the digital rupee will make online payments […]

India Said to Seek Tougher Action From US Tech Giants on Fake News

Indian officials have held heated discussions with Google, Twitter, and Facebook for not proactively removing what they described as fake news on their platforms, sources told Reuters, the government’s latest altercation with Big Tech. The officials, from the Ministry of Information and Broadcasting (I&B), strongly criticised the companies and said their inaction on fake news […]

India’s World-Beating Growth Hides Troubling Investment Trend

Gross fixed capital formation amounts to less than one-third of India’s GDP India has bounced back strongly from the pandemic and stands poised to claim the mantle of fastest-growing economy in 2021 and probably 2022 as well. The government’s latest projections are for a 9.2 per cent expansion in the fiscal year that ends in March. […]

Twitter Reveal Most Retweeted, Liked Tweets of 2021 in India

Twitter on Thursday revealed the top conversations, trends, and moments of 2021 discussed on the microblogging platform in India. Among other trends, Twitter said that Australian cricketer Pat Cummins’ message about his donation to COVID-19 relief in India was the most retweeted tweet in the country in 2021, while Indian cricketer Virat Kohli’s announcement of […]

Prime Minister Narendra Modi Warns Bitcoin Could ‘Spoil’ Young Indians

Prime Minister Narendra Modi during a virtual keynote address at the Sydney Dialogue said that cryptocurrencies must not fall into the “wrong hands and spoil our youth” and urged all democratic nations to work together to ensure such a thing does not happen. “We are in a time of transformation,” The conference hosted by the […]

Prime Minister Narendra Modi Urges Cooperation to Make Crypto Safe

Indian Prime Minister Narendra Modi urged cooperation between the world’s democracies to ensure cryptocurrencies like Bitcoin do not “end up in the wrong hands”, delivering the comments while his government drew up new rules for digital currencies. PM Modi did not elaborate on those fears in his speech delivered virtually to the Sydney Dialogue, a […]

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